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6 Aug 2013
EUR/GBP sidelined at 20 dma
FXstreet.com (London) - EUR/GBP has been trading in a tight range since falling a big figure between Fridays and Mondays session.
EUR/GBP is printing 0.8640 ahead of this morning data. The calandar for the EZ is quiet today, with only a hadful of second-tier data releases. We start with Italian IP nd the first print of Italian Q2 GDP, and then we will see German factory orders a little later on. In the meantime, markets will be watching out for UK Industrial and Manufacturing production numbers.
EUR/GBP sidelined at 20 dma
EUR/GBP are sidelined around the lows and the 20 d ma is 0.8645, 50 d ma 0.8578 and the 200 d ma comes as 0.8426. RSI (9) reads 46.62. Supports are ascending from 0.8575, 0.8589, 0.8606, and 0.8622. Spot is currently 0.8640 while resistances are 0.8695, 0.8712, 0.8745 and 0.8770.
EUR/GBP is printing 0.8640 ahead of this morning data. The calandar for the EZ is quiet today, with only a hadful of second-tier data releases. We start with Italian IP nd the first print of Italian Q2 GDP, and then we will see German factory orders a little later on. In the meantime, markets will be watching out for UK Industrial and Manufacturing production numbers.
EUR/GBP sidelined at 20 dma
EUR/GBP are sidelined around the lows and the 20 d ma is 0.8645, 50 d ma 0.8578 and the 200 d ma comes as 0.8426. RSI (9) reads 46.62. Supports are ascending from 0.8575, 0.8589, 0.8606, and 0.8622. Spot is currently 0.8640 while resistances are 0.8695, 0.8712, 0.8745 and 0.8770.